Common use of Reserved Actions Clause in Contracts

Reserved Actions. 8.2.1 If we are required to do so under Applicable Law, or a Specified Event or Circumstance Outside Our Control occurs or is likely to occur or when we become aware of a Specified Event or Circumstance Outside Our Control, or we have valid reasons for doing so, we may in our sole discretion take any action, including any Reserved Action. 8.2.2 If we have taken or decide to take any Reserved Action then we will attempt to notify you of this as soon as reasonably practicable, unless Applicable Law prevents us from doing so. When taking any Reserved Action, we may, in our sole discretion, take into account any execution request you have made to our client management team.

Appears in 2 contracts

Sources: Fx Give Up Terms of Business, Terms of Business